Apple Trading Analysis (17/01/2025)
The trend is ascending. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals oversold conditions.
Trade idea:
- Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downtrend truncated structure.
- Stop-loss at 228.00 below the local minimum of the descending structure.
- Price targets at 243.80 and 253.50.
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